Asarfi Hospital Ltd — Q4 FY26

Asarfi Hospital Ltd Q4 FY2025-26 Earnings Conference Call https://www.youtube.com/watch?v=jQePF4P6T5k Published: 3 weeks ago

0:01 1 second Ladies and gentlemen, good today and welcome to Aski Hospital Limited Q4 and FI26 earnings conference call. As a 0:09 9 seconds reminder, all participant lines should be listened only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should 0:17 17 seconds you need assistance during the conference call, please signal an operator by pressing star and zero on your touchstone. Please note that this 0:25 25 seconds conference is being recorded. I now want the conference over to Mr. Miss Jen from He Security Limited. Thank you and over to you Mr. Jen. 0:34 34 seconds Thank you Renu. Very good afternoon ladies and gentlemen. Thank you for joining Assuri Hospital Limited fully attended 31st March 2026 earnings call. 0:44 44 seconds Joining us on the call from the management team Mr. Harendra Singh CEO and uh managing director of hospital limited. 0:57 57 seconds We will now close the call with the opening thoughts from the management post which we will open the forum for the Q&A session where the management 1:05 1 minute, 5 seconds will be glad to respond [clears throat] to any queries that you may have. Before we move to the main call, I would like 1:13 1 minute, 13 seconds to read the standard disclaimer. There may be forward-looking statements about the company and their subsidiaries which 1:21 1 minute, 21 seconds are based on belief, opinion and expectation of the company's management as on the date of the cause. The company 1:29 1 minute, 29 seconds does not assume any obligation to update the forward-looking statement if those belief, opinion, expectation or other 1:37 1 minute, 37 seconds circumstances change. These statements are not guarantees of future performance and involves risk and uncertaintities that are difficult to predict. 1:48 1 minute, 48 seconds Consequently, listeners should not place any undue rellying on such forward-looking statements. With this, I 1:55 1 minute, 55 seconds hand over the call to m Mr. Harind Singh, CEO and managing director of Assari Hospital Limited to take it forward. Over to you, sir. 2:07 2 minutes, 7 seconds Thank you, sir. Good afternoon everyone and a very warm welcome to the third earnings call of Assafi Hospital Limited 2:16 2 minutes, 16 seconds for the financial year 25 356. I am Hinder Singh CFO Assari Hospital Limited 2:23 2 minutes, 23 seconds and I sincerely thank you all for taking time to join us today. Our investors presentations for Q4 and F26 has already 2:33 2 minutes, 33 seconds been uploaded on the stock exchange platform as well as on our website. We hope you have had the opportunity to 2:40 2 minutes, 40 seconds review the same. As a part of our continued commitment towards transparency and fair shareholder engagement, we have voluntarily adopted 2:48 2 minutes, 48 seconds quarterly financial reporting despite platform requiring half yearly disclosure. Before we begin, I would 2:56 2 minutes, 56 seconds like to remind everyone that certain statements made during today's discussion may be forwardl looking in nature and are in uncertaintity. A 3:06 3 minutes, 6 seconds detailed disclaimer is available on the slide number two of our presentation. 3:11 3 minutes, 11 seconds Let me begin with the brief overview of the journey and key developments during the year. For more than two decades, Safari Hospital has remained committed 3:20 3 minutes, 20 seconds to deliver affordable and quality healthcare services across Danad and surrounding region of eastern India. 3:27 3 minutes, 27 seconds From a single hospital setup in 2005, we have evolved into one of the leading regional healthcare provider in Bharan. 3:34 3 minutes, 34 seconds currently operating two hospitals with a combined bed capacity of 350 including 285 beds in our super accessibility 3:42 3 minutes, 42 seconds hospital and 50 bed 5 6 5 6 5 6 5 6 5 6 5 6 5 6 5 6 5 6 5 6 5 6 5 6 5 6 5 6 5 6 5 6 5 6 5 6 5 6 5 65 bed in our cancer hospital. Our super accessibility hospital continues to strengthen its 3:51 3 minutes, 51 seconds position at a trusted tertiary healthcare center in the region offering 23 [clears throat] plus specialized department including 3:59 3 minutes, 59 seconds cardiology, neuroscience, general medicine, autoopetic, gastroenterology, pediatric and critical care services. 4:05 4 minutes, 5 seconds During financial year 2026, the unit delivered a healthy operational performance with a strong growth in high 4:14 4 minutes, 14 seconds high quality treatment, higher IC utilization and improved case matrix. 4:21 4 minutes, 21 seconds We also expanded our cardiac care capacity from 25 bed to 45 beds and strategically restructured the 4:30 4 minutes, 30 seconds cardiology unit to enhance operational efficiency and support the growing demand for a specialized cardiac care 4:38 4 minutes, 38 seconds for the unit improved significantly to 20 23,000 while total surgeries increased by 26% 4:47 4 minutes, 47 seconds yearon year for more than 6,300 procedures. Our cancer hospital operationalized in financia 2435 4:55 4 minutes, 55 seconds continues to scale it steadily and remains one of the one of only three dedicated cancer hospital in state of 5:03 5 minutes, 3 seconds Jar the facility witnessed improvement in occupancy to 42% during FY26 5:11 5 minutes, 11 seconds supported by growing traction in radiation oncology and better realization from complex oncological 5:18 5 minutes, 18 seconds treatment during the year We further strengthen our oncology infrastructure through installation of GE healthcare 5:24 5 minutes, 24 seconds dual detector spec gamma camera enhancing our nuclear medicine diagnostic and therapeutic capabilities. 5:32 5 minutes, 32 seconds Moving to our financial performance of FI26 on consolidated basis, we reported a strong year-on-year growth with 5:40 5 minutes, 40 seconds revenue from operation increased by 42% yearon year to 173.5 crores as compared 5:47 5 minutes, 47 seconds to 121 crores FY25. AIA grew by 42% to 35.3 crores with AITA margin remaining healthy at 20%. 5:59 5 minutes, 59 seconds Emit increased by 44% to 26.4 crores while profit after tax grew by 58% 6:06 6 minutes, 6 seconds yearon year to 16.7 cr with pat margin improved to 10%. 6:13 6 minutes, 13 seconds Operationally as well as the year reflected robust momentum across key parameters. IPD revenue increased by 46% 6:22 6 minutes, 22 seconds while OPD revenue grew by 34% during FI26. In patientent volume crossed 16,000 patients and outpacent volume 6:30 6 minutes, 30 seconds increased to approximately 1.38 lakhs% during the year reflecting our growing regional reach and strengthening patient 6:38 6 minutes, 38 seconds trust. Coming specifically to Q4 FY26 we delivered consolidated revenue of 45.2 2 6:46 6 minutes, 46 seconds crores register is telling a growth of 29% yearonear abita is skewed at 7.7 6:52 6 minutes, 52 seconds crores with aa margin at 17%. while PAT increased by 9% yearon-year to 3.9 7:01 7 minutes, 1 second crores. During the quarter, we also witnessed a strong growth in IP revenue driven by improved utilization, higher surgical volume and better case matrix. 7:11 7 minutes, 11 seconds Cardiology, general medicine, neurosurgery remained our top contribute contributing specialtities while orthopedic emerged as one of the fastest 7:19 7 minutes, 19 seconds growing department during the quarter with a strong growth in advanced procedure and surgical intervention. 7:25 7 minutes, 25 seconds In addition, we operationalize the advanced [clears throat] Phelis Aurian Kath lab during March 2026, further 7:36 7 minutes, 36 seconds strengthening our interventional cardiology and cardiac care capabilities. 7:41 7 minutes, 41 seconds Looking ahead, we remain optimistic about the long-term opportunity in turn India healthcare market and continue to 7:49 7 minutes, 49 seconds focus on sustainable growth with operational discipline. Our vision 2028 road map target target scaling overall 7:58 7 minutes, 58 seconds bed capacity to 500 plus beds achieving revenue of around 400 crores and improving emittita margin to 23 to 25%. 8:07 8 minutes, 7 seconds Key growth drivers over the coming years will include expansion of cancer hospital capacity from 65 bed to 150 8:15 8 minutes, 15 seconds bed. Establishment of bone marrow transplant unit and ramp ramp up transplant services and exploration of strategic management contract and partnership in the nearby regions. 8:26 8 minutes, 26 seconds Additionally, as a part of our continued commitment towards community healthcare and social responsibility, we undertook impactful CSR and preventive healthcare 8:35 8 minutes, 35 seconds initiatives during the year through the through a charitable trust. We deployed 21.3 lakh towards and HPV screening and 8:44 8 minutes, 44 seconds awareness program benefiting around 650 underprivileged women focused on early detection of cervical cancer through RTPCR and DNA safety. 8:56 8 minutes, 56 seconds We also continue to conduct healthcare awareness campaigns, health camps and outreach initiatives across multiple districts of 9:05 9 minutes, 5 seconds Jarkan to improve access to preventive healthcare services and strengthen community engagement. ARI has delivered 9:13 9 minutes, 13 seconds revenue CAGR of 28% a beta CAGR of 34% and P CAGR of 31% over last four years 9:22 9 minutes, 22 seconds with shareholders investment returning CAGR 39% in last three years. We hope to continue the same journey in times to 9:30 9 minutes, 30 seconds come as well with a strong regional positioning improve improving medical infrastructure and growing clinical 9:38 9 minutes, 38 seconds capabilities and increasing patient trust. We believe Assurfi hospital is well positioned to continue its journey 9:44 9 minutes, 44 seconds as a scalable and differentiated healthcare platform in uh eastern India. 9:51 9 minutes, 51 seconds With that I would like to hand over the call to the moderator to open the floor for question answer. Thank you once again for your continued trust and support. Thank you very much. 10:04 10 minutes, 4 seconds Thank you. We will now begin the question and answer session. Anyone who wishes to ask a question may press star and one on touch. If you wish to remove 10:12 10 minutes, 12 seconds yourself from the question queue, you may press star and two. Participants are requested to use handsets while asking a question. Ladies and gentlemen, we'll 10:20 10 minutes, 20 seconds wait for a moment while the question is the first question comes from the line of Nathan Gupta and investor. Please go. 10:33 10 minutes, 33 seconds Uh thank you for the opportunity and congratulations for giving the guidance. Uh am I audible? 10:42 10 minutes, 42 seconds Yes. And speak a little louder please. Okay. Uh I have a couple of questions. 10:49 10 minutes, 49 seconds The first question is what is the current situation of the liberal government funded Aayushman 10:57 10 minutes, 57 seconds or and was it impacting both of our hospitals or and uh cancer only? 11:05 11 minutes, 5 seconds Uh Aishwand scheme is operational in our cancer hospital only. uh our focus 11:14 11 minutes, 14 seconds primarily remains on on it scheme uh which has better uh package rates. We uh 11:23 11 minutes, 23 seconds our Aishman Bhar contribution to cancer hospital is around 15%. 11:34 11 minutes, 34 seconds 15% of the total or of the total cancer total cancer revenue. 11:42 11 minutes, 42 seconds Okay. Okay. 11:45 11 minutes, 45 seconds And uh uh the second question was you respected the capex. So uh I see in the guidance like we are targeting to 11:54 11 minutes, 54 seconds increase the bed capacity by 150 in the next two years. So yes, how much effect can we expect uh for them 12:03 12 minutes, 3 seconds to increase the cap uh to increase the bed capacity from 65 to uh 150? 12:11 12 minutes, 11 seconds Actually we don't require uh very high capex investment. It will be around 2 three cr rupes which will be met through internal approvals. 12:25 12 minutes, 25 seconds And what about the remaining We require only 2 three crore rupees for increasing the bed capacity because most 12:33 12 minutes, 33 seconds of the things has already been done and uh all equipments which requires heavy investment has already been done and it is not will not require too much investment because OT is already there. 12:44 12 minutes, 44 seconds IC is already functional. So bed capacity will increase but you know per bed investment will not be that much. 12:52 12 minutes, 52 seconds Okay. So we do not require any additional fund or anything of that sort for Yes. Yes. 12:58 12 minutes, 58 seconds doing this. Okay. And uh last uh uh small question any plans for the mainboard migration? 13:07 13 minutes, 7 seconds Yes, we have decided that we will be migrating to mainboard. We are uh figuring out the eligibility criteria and process. Uh we will be eligible 13:16 13 minutes, 16 seconds after the month of July. We have initiated the process. We will migrate 13:23 13 minutes, 23 seconds Okay. Uh those were my questions. I'll get back to the Thank you. 13:29 13 minutes, 29 seconds Thank you sir. 13:34 13 minutes, 34 seconds Thank you. Next question comes from the line of Kima C research. Please go ahead. 13:42 13 minutes, 42 seconds Yeah. Hi. So actually I wanted to ask like why there was a delay in the bone wire of facility uh like why is it not 13:50 13 minutes, 50 seconds like till now because previously we told that uh it will go in 26 and uh I believe is the word and we have deed that thing. So why is that? 14:02 14 minutes, 2 seconds Uh basically in Jakartan uh organ transplant policy is very uh not in a 14:10 14 minutes, 10 seconds good shape and u we are trying to obtain approval for organ transplant facility. 14:17 14 minutes, 17 seconds Uh other things have been already arranged. Uh hopefully we will get that uh permission very soon and once the 14:25 14 minutes, 25 seconds permission is there we can start. So delay is caused due to the procedural delay uh because the policy is not in 14:34 14 minutes, 34 seconds place. So approval is taking a little more longer. Uh we in the previous call we had communicated that it will be 14:41 14 minutes, 41 seconds started in around you know last quarter of uh 2026 financial year. uh we are trying to get it done as soon as 14:49 14 minutes, 49 seconds possible because doctors have been hired everything is done only a permit is required. 14:57 14 minutes, 57 seconds Okay. And my second question was regarding to uh the merger the proposed merger that the merger has another that 15:05 15 minutes, 5 seconds will be coming under this company. So what is the status of that and why is it still not done like because we delay in 15:14 15 minutes, 14 seconds Yeah. Yes. There is there is delay because uh two three shareholders had died and the hair hairs have not 15:22 15 minutes, 22 seconds inherited the sharehold shares of those um um expired shareholders and because 15:29 15 minutes, 29 seconds of that reason we have not been able to uh put that matter forward. We are in continuous touch and hopefully it should be done this year. 15:39 15 minutes, 39 seconds Okay. Okay. And lastly on one broader question like where do you see ourselves in the next five years like given the 15:48 15 minutes, 48 seconds okay I'm not talking about the revenue but in terms of like are we seeing to expand ourselves to managing more 15:55 15 minutes, 55 seconds hospitals or let's say different facilities or anything that you can share or 16:04 16 minutes, 4 seconds definitely sir we are we are uh thinking and planning very seriously to expand And uh but as you know that uh every day 16:13 16 minutes, 13 seconds government is bringing in new regulations with regard to the treatment on catalyst basis and that puts a lot of 16:20 16 minutes, 20 seconds pressure on the on the cash realization because of the everyday one or two uh new scheme is being launched to provide 16:28 16 minutes, 28 seconds cashless treatment. We are trying to develop a model which will be most suited to us. So uh we are definitely uh 16:38 16 minutes, 38 seconds thinking is in pipeline. We are uh we are planning to increase number of hospitals under management but what exact model we will be moving ahead. 16:48 16 minutes, 48 seconds That is why we have not added hospitals because you know there are hospitals available plenty of hospitals available everywhere 16:57 16 minutes, 57 seconds because people are feeling it very difficult to manage hospital and all because because of the uh cash realization from the cashless patent man 17:07 17 minutes, 7 seconds scheme you know they have very uh very small package rates and realization becomes difficult. So we are we are 17:15 17 minutes, 15 seconds thinking very seriously and we have worked out on one or two models on which we will be going ahead. So definitely in future you'll be seeing that we are 17:23 17 minutes, 23 seconds expanding and improving number of beds under management. 17:28 17 minutes, 28 seconds Okay. Thank you. Best of luck and thank you sir. Thank you very much. 17:35 17 minutes, 35 seconds Thank you. Next question comes on the line of Akarval with family office. 17:43 17 minutes, 43 seconds So one of my question is why was the cancer patient decreased this quarter and do you expect the same in coming half year or several years? 17:55 17 minutes, 55 seconds Uh in the last quarter there was some scheme launched by government of Jarhand 18:02 18 minutes, 2 seconds and there was some changes in the approval system. we take so many government scheme patients under after 18:10 18 minutes, 10 seconds the approval is received. So there was some some changes in the methods and there was administrative delay in the 18:18 18 minutes, 18 seconds approval and that is why some few patients got decreased in the last quarter. 18:26 18 minutes, 26 seconds So are we expecting this kind of this kind of from the government scheme in future? 18:36 18 minutes, 36 seconds It it appears that it it appears that uh things have settled down but as you know that government schemes and payments are 18:45 18 minutes, 45 seconds somehow related to related to political activity. There is some uncertaintity in the political spectrum also but we don't think that it will impact us that way. 18:58 18 minutes, 58 seconds Sure. Thank you sir. So can you just put into numbers that how many how much percentage or in revenue guidance you 19:06 19 minutes, 6 seconds are expecting from can this segment only they contribute to 10 10 12% of revenue 19:15 19 minutes, 15 seconds and if in case of administrative delay there there will not be much impact to revenue 19:22 19 minutes, 22 seconds and it will be same for next person not not exactly not sure because you know you you cannot predict that what 19:30 19 minutes, 30 seconds they are going to do at present we are getting approval as usual so I don't think that it will have uh impact 19:40 19 minutes, 40 seconds in this financial period okay thank you so much I will other thank you thank you 19:51 19 minutes, 51 seconds thank you a reminder to all the participants star and want to ask question next question comes from the line with individual. 20:04 20 minutes, 4 seconds Hello sir. 20:10 20 minutes, 10 seconds Sorry for interrupting Mr. Ch. We cannot hear you. Can you please uh speak a little louder? Hello. 20:17 20 minutes, 17 seconds Yes, please go ahead. 20:20 20 minutes, 20 seconds Yeah, I just wanted to know what is happening forward again. 20:27 20 minutes, 27 seconds Uh we are trying to uh bring case mix and um u and 20:36 20 minutes, 36 seconds margins in such a way that ADITA uh remains at achieves 22 23 to 25%. 20:45 20 minutes, 45 seconds This year we have achieved 20% AITA. 20:48 20 minutes, 48 seconds We definitely would like to push it to at least 22% next year. 20:56 20 minutes, 56 seconds Okay. 20:58 20 minutes, 58 seconds In March 2025, we have another income of 3.6 cr which is missing this year. So 21:04 21 minutes, 4 seconds what is this other income? I uh I also understand deta details of order income will be mailed to you. I request you to kindly send this question on our email. 21:15 21 minutes, 15 seconds We will send the breakups and details. Okay. Okay. Thank thank you sir. 21:27 21 minutes, 27 seconds Thank you. Next question comes on the line of car individual me. 21:34 21 minutes, 34 seconds Yeah. Hi. Uh sir, I'm audible. Yes sir, you're able. Uh first congratulations for the result. 21:42 21 minutes, 42 seconds Uh so my question is uh what could be a line for 2030 as you have mentioned it 21:49 21 minutes, 49 seconds will be like 260 cr. Uh so are you confident to achieving this top line amount? 21:56 21 minutes, 56 seconds Yes sir, we are working very hard and we should be able to achieve it. 22:01 22 minutes, 1 second Uh okay sir and also I you targeted for 13 to 50% for 27. 22:10 22 minutes, 10 seconds So yes we yes we are we are as we as we said that 22:16 22 minutes, 16 seconds we are we are trying to uh we are trying to tweak our ethnics. We have started uh 22:26 22 minutes, 26 seconds doing uh doing our activities in 10 neighboring districts and when people come from distant places they tend to be 22:35 22 minutes, 35 seconds ready to pay more. Apart from that we are working very hard on on the front of cost 22:43 22 minutes, 43 seconds management. We are trying to reduce the cost also. So probably we should be able to achieve it. Okay. Last question, 22:51 22 minutes, 51 seconds short question from my side. Uh is ROI less than our expected growth. So are we going to take any kind of bet for the 23:00 23 minutes further growth or it's possible from internal approvals? Uh it is it is uh so far uh uh as of now we have not uh 23:09 23 minutes, 9 seconds decided that we will be going for any debt. Um it will be managed through internal approval but because government 23:16 23 minutes, 16 seconds brings on you know every day some new opportunity comes. So you have to be ready as a company you should be you should be able to grab the opportunity. 23:27 23 minutes, 27 seconds there are certain news uh circulating in in Jakhan and we we are looking at it as 23:34 23 minutes, 34 seconds an opportunity. So in case of any any uh major capex requirement we will definitely inform. 23:42 23 minutes, 42 seconds Okay. No sir. Um let me it's my last question that are you seeing your momentum growth continue for the next 23:50 23 minutes, 50 seconds four to five years as we are growing almost like 50% on a year basis. So it's possible to grow for next four to five years. 24:00 24 minutes Definitely sir. So far as PA is concerned, our entire focus is that we should be able to tweak our progress in 24:08 24 minutes, 8 seconds such a way that our PAT number grows at the same uh rate at least uh PAT and AITA must grow as we are growing since last three four years. 24:19 24 minutes, 19 seconds Okay. Thank you so much. Thank you sir. Thank you very much. 24:26 24 minutes, 26 seconds Thank you. A reminder to all the participants having a star and one ask a question. Next question comes from the line of Pashant Sharma with security. 24:39 24 minutes, 39 seconds Uh I have also couple of questioning. Uh there's a lot of background noise. 24:47 24 minutes, 47 seconds Can you speak a little louder? Yes. 24:53 24 minutes, 53 seconds Yes. Now uh yes so my first question is related to the cancer hospital business. 24:59 24 minutes, 59 seconds So uh there's a sharp declining output during the quarters partly due to lower volumes and delay government investment 25:06 25 minutes, 6 seconds uh which suggest some volatility in this particular asset. So how uh so what is the margins for this particular facility 25:14 25 minutes, 14 seconds and how should we think about the margins going forward and what would be the utilization level for this this [clears throat] asset over the next two to three years. 25:23 25 minutes, 23 seconds Uh sir uh to answer your question we require some number crunching and if you could write a mail to us we reply very 25:32 25 minutes, 32 seconds specific to your uh question. Uh just to give an overview that cancer hospital uh last year we had a revenue of 20 crores. 25:41 25 minutes, 41 seconds This year we have achieved a revenue of 33 crores. It is uh so far our expectation is concerned uh we are we 25:50 25 minutes, 50 seconds are working very we are very bullish on this and uh cancer hospital has lots of potential because there are no can 25:57 25 minutes, 57 seconds hospital in this area. So we think that the numbers uh which we have already uh given in the presentation will be 26:05 26 minutes, 5 seconds achieved to with regard to your specific question I would request you send a mail we will give a very 26:13 26 minutes, 13 seconds sure I will answer my question next question is uh regarding our aspiration to scale 26:20 26 minutes, 20 seconds revenue to 400 cr with margin uh it would be helpful if you could break down the key growth level such as bad 26:28 26 minutes, 28 seconds expansion occupancy ramp up and ask for improvement transplant services and on contracts uh and indicate which of these are expected to be the biggest contributors going forward. 26:40 26 minutes, 40 seconds Uh major contribution will come from uh growth in the cancer hospital business 26:47 26 minutes, 47 seconds because cancer hospital has not achieved its uh potential uh depend based on the market in which we are playing. uh it is 26:56 26 minutes, 56 seconds only uh we are at 42% of uh capacity utilization of 65 beds and we are going 27:04 27 minutes, 4 seconds to increase the number of beds plus revenue not only comes from number of beds rather it is you know daycare procedures are so many in cancer 27:12 27 minutes, 12 seconds hospital. So the major content will definitely be cancer hospital but apart from that in uh down the line we plan to 27:21 27 minutes, 21 seconds acquire hospital we plan to add back bids. So the number 400 uh cr the projection which we have been given 27:30 27 minutes, 30 seconds which we have given is based on the volume addition number of bed addition and other details which have been already been shared in the presentation. 27:45 27 minutes, 45 seconds Okay. Uh answer uh regarding our don approval has been delayed uh due to 27:53 27 minutes, 53 seconds various governance and uh administrative delay. Uh question uh when do you expect that it would come online? 28:02 28 minutes, 2 seconds But it it should take at another four five months because you know government government is very slow and uh there 28:11 28 minutes, 11 seconds sometime I feel that their priority is different though there are no organ you know bone marrow transplant is not going 28:18 28 minutes, 18 seconds on anywhere in the Dhakan but still there is a delay in the process what we can do we are trying very hard we are 28:26 28 minutes, 26 seconds you know we are we are we are rather following it up with the minister directly But but things are not moving as desired. 28:37 28 minutes, 37 seconds Understood sir. Uh sir uh are you targeting any revenue figure uh from this particular area uh related to bone marrow transplant only? 28:47 28 minutes, 47 seconds This this bone marrow bone marrow facility and bone marrow revenue primarily comes from you know it's a it comes from the government schemes. 28:59 28 minutes, 59 seconds uh once the scheme starts once the security starts then we'll have to market so there will not be much of 29:07 29 minutes, 7 seconds revenue addition from this department uh in FI27 but hopefully in FY28 it will 29:15 29 minutes, 15 seconds have good contribution 29:27 29 minutes, 27 seconds uh we have lost the line of participant We'll promote the next that is from the line of net kupta and indigen please go ahead. 29:36 29 minutes, 36 seconds Yeah thank you for giving the opportunity one more time uh regarding the guidance so does this include 29:44 29 minutes, 44 seconds revenue from any possible acquisition like one hospital which we are planning and we had our discussion also in this call. 29:53 29 minutes, 53 seconds Yes. Is it organic or is it inorganic basically? Uh that's a mix of both. Mix of both sir it will be organic and inorganic both. 30:03 30 minutes, 3 seconds Okay. 30:05 30 minutes, 5 seconds And uh just a feeling like this guidance for this and the next year is don't you think it's a bit too aggressive 30:13 30 minutes, 13 seconds especially considering that last three quarters we were at around 45 W per 30:20 30 minutes, 20 seconds s it may appear but but when you see that in last 20 years we have built 30:27 30 minutes, 27 seconds system and we have opened only two hospitals so now it is time to be aggressive. 30:39 30 minutes, 39 seconds Okay. 30:42 30 minutes, 42 seconds And uh one final thing like in the last quarterly call we said that we are targeting to reach say thousand capacity 30:51 30 minutes, 51 seconds before financial year 30. So do we still hold that like one like? 30:59 30 minutes, 59 seconds Yeah. Yes sir. It is sir. Okay then. Thank you. Thank you. 31:06 31 minutes, 6 seconds Thank you sir. Thank you very much. 31:12 31 minutes, 12 seconds Thank you. Next question comes from the line of Praat and Indo journalist. Please go ahead. 31:20 31 minutes, 20 seconds Uh hello sir. Uh thank you for the opportunity and the question is continuation of the previous questions from the participants regarding the 31:28 31 minutes, 28 seconds guidance. Uh I I want to be bit more specific. So 260 cr of revenue uh you we are targeting for next financial year. 31:38 31 minutes, 38 seconds So what I understand that from cancer hospitals there is one uh 65 to I think 31:45 31 minutes, 45 seconds 120 or 130 bed we are talking about. Are we also talking about some other better results in the other other hospital or I 31:53 31 minutes, 53 seconds mean to be more specific what's driving us to this number? I mean what's giving us confidence to reach this? 32:03 32 minutes, 3 seconds Yeah. Yes Mr. Pab uh we have already added in the last quarter 20 odd beds in our cardiac facility and we plan to add 32:13 32 minutes, 13 seconds beds in the cancer hospital in the coming financial year. So in this this financial year so this uh revenue will 32:21 32 minutes, 21 seconds come definitely from increase in revenue in the super existing super hospital and cancer hospital both apart from other other units. 32:32 32 minutes, 32 seconds Right. Okay. And do you think that from quarter one or quarter two from point of view when this revenue will be start coming in? 32:42 32 minutes, 42 seconds We have we are already on it. uh the first quarter has already you know two months have passed. We are working on 32:50 32 minutes, 50 seconds and we are uh as I said that we are focusing on different 10 districts of neighboring districts and uh result has 32:59 32 minutes, 59 seconds started coming or patient flow has increasing. Uh one more uh one important yard stick is the how many new patient 33:07 33 minutes, 7 seconds new cancer patient you are treating. We are monitoring that number very u with with our full 33:14 33 minutes, 14 seconds uh aggression and we believe that the number which we have projected will be achieved. 33:21 33 minutes, 21 seconds Right. Okay. Uh one more question maybe regarding the expedition the inorganic growth which we were talking about is 33:29 33 minutes, 29 seconds this like a thought or aspiration or really or this real substantial uh we are thinking or or think I mean we have 33:37 33 minutes, 37 seconds something we are concentrating on it's just a thought or aspiration at the moment it is not aspiration it is almost 33:44 33 minutes, 44 seconds everything has uh been settled only technical issues are being resolved uh so it is not aspiration It is already 33:53 33 minutes, 53 seconds you know this will be materialized in this financial year. Number one. Number two you know you need to you need to 34:00 34 minutes keep modifying the model on which you are working unless or until you are ready to change and uh with the market 34:07 34 minutes, 7 seconds when some uh some information comes and if you don't adjust accordingly uh things 34:14 34 minutes, 14 seconds does not remain the same as desired. So we are trying to uh remain dynamic in terms of our 34:23 34 minutes, 23 seconds our working. Uh so the number one it is not aspirational. It is it is already technical issues are there which is 34:30 34 minutes, 30 seconds being solved and we are bullish so that we can achieve the number which we have projected. 34:37 34 minutes, 37 seconds So that uh thank you that that's all. Thank you sir. Thank you. 34:44 34 minutes, 44 seconds Thank you. A reminder to all the participants starting at the star and want to ask a question. Next question comes from the line of Prashant Sharma with H security please. 35:00 35 minutes Uh so my question is uh given the increase in receivables particularly in the context of delayed reimbursement and the government scheme how should we uh 35:09 35 minutes, 9 seconds assess the quality and aging profile of receivables and additionally do you foresee working capital remaining elevated as a business uh estimates 35:17 35 minutes, 17 seconds further uh when you will analyze our data that how much uh datas we had in u last 35:27 35 minutes, 27 seconds quarter and then with the recent quarter uh we have improved uh quite a lot. We know that uh realiz data realization is 35:36 35 minutes, 36 seconds uh uh is key. We are working very hard on that and with regard to aging uh it is around uh six to seven months. 35:58 35 minutes, 58 seconds Okay sir. Any further question? Uh uh no sir that's all. 36:04 36 minutes, 4 seconds Thank you very much sir. Thank you very much. 36:08 36 minutes, 8 seconds Thank you. Next question comes from the line of Sedar Jen with HSS AMC. Please go ahead. 36:16 36 minutes, 16 seconds Uh hi sir thank you for taking my question. So the first question is regarding the total cancer bed capacity in all of Jar since we are one out of 36:24 36 minutes, 24 seconds the three cancer hospitals and we hold 65 uh beds like what would be the total 36:30 36 minutes, 30 seconds percent of supply capacity with a surf uh 36:37 36 minutes, 37 seconds total bid capacity operational bid capacity yes as of now 36:44 36 minutes, 44 seconds uh is less than 500 That is for uh just for the oncology side, right? Just for the oncology side. Yes. 36:53 36 minutes, 53 seconds All right. That answers my question. And so the other question is regarding the healthcare management research institute that is currently under construction. 37:02 37 minutes, 2 seconds What sort of capex are we expecting for the coming year? 37:07 37 minutes, 7 seconds Um it will be in the tune of uh 8 to 10 crores. 37:14 37 minutes, 14 seconds 8 to for the coming fiscal year. Yeah, 8 to 10. And you had mentioned for unlocking the current capacity, 37:23 37 minutes, 23 seconds additional capacity for super specialtity and oncology, we would require at least 2 to three crores more. 37:30 37 minutes, 30 seconds So the current year KEX would be between the tune of 10 to 12 crores. Is that right? 37:34 37 minutes, 34 seconds Less than less than 15 crores. Yes, less than 15. And so how much cash are you holding at the bank? 37:42 37 minutes, 42 seconds We are holding 8 to 10 course we have. 37:48 37 minutes, 48 seconds Okay sir. So uh a debt would be a suitable plausibility then. Definitely definitely sir. Okay that answer. Thank you. 37:57 37 minutes, 57 seconds Okay. Thank you very much sir. Thank you very much. 38:03 38 minutes, 3 seconds Thank you. A reminder to all the participants that you can press star and one to ask a question. 38:16 38 minutes, 16 seconds Thank you ladies and gentlemen. As there are no further questions, we have reached the end of question and answer session and now the conference over to ch for closing. 38:29 38 minutes, 29 seconds I'm hearing you on behalf of limited service and the hospital management team 38:38 38 minutes, 38 seconds for taking the time to join us today and for respondent to all the queries in further details and insightful manner. I 38:46 38 minutes, 46 seconds would also like to thank all the participants for joining the call and for their active participation. 38:52 38 minutes, 52 seconds I would like to hand it over to Ringu for closing remark. 38:58 38 minutes, 58 seconds Thank you on behalf of Assi Hospital. 39:03 39 minutes, 3 seconds That concludes this conference. Thank you for joining us. You may now discuss